To Europe now. Portugal's finance minister - the architect of the country's economic bailout deal with the European Union - has resigned. In stepping down, he cited the backlash against the policies he imposed at the urging of European lenders.

NPR's Lauren Frayer reports on this latest turn in the debate over whether severe budget austerity does more harm than good.

LAUREN FRAYER, BYLINE: Of all the bailed-out countries in Europe, Portugal has been the good student - taking the austerity medicine its lenders prescribe. Portuguese Finance Minister Vitor Gaspar took it even further - doubling budget cuts and tax hikes. Last year, he predicted the shock of austerity would actually create jobs.

VITOR GASPAR: We want to implement the agenda of structural transformation as fast as we possibly can.

FRAYER: But this was the result.

UNIDENTIFIED GROUP: (Chanting in Portuguese)

FRAYER: Last week, hundreds of thousands of workers held a general strike - including Joao Vasconcelos.

JOAO VASCONCELOS: The recipe is not working, unemployment is high. Every measure had a boomerang effect. So we're fighting for some dignity.